The sol-gel coatings market is expected to grow by USD 2.63 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the sol-gel coatings market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Sol-gel Coatings Market 2020-2024 (Graphic: Business Wire)
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The sol-gel coatings market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
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Major Three Sol-gel Coatings Market Participants:
3M Co. operates its business under various segments such as safety and industrial, transportation and electronics, health care, consumer, and corporate and unallocated. The company offers a surface pre-treatment for parts that are finished with organic-based coatings such as epoxy and polyurethane. AC-131 is a sol-gel surface preparation that promotes adhesion.
Akzo Nobel NV
Akzo Nobel NV operates its business under decorative paints and performance coatings segments. The company offers sol-gel coating which is chromate free and is mainly used in the aerospace industry.
Ferro Corp. operates its business under two segments, which include performance colors and glass and color solutions. The company provides sol gel coating used in grinding wheels.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/sol-gel-coatings-market-industry-analysis
Sol-gel Coatings Market 2020-2024: Segmentation
Sol-gel coatings market is segmented as below:
Building and Construction
Electrical and Electronics
The sol-gel coatings market is driven by use in automotive and aerospace sector. In addition, other factors such as growing demand from building and construction applications are expected to trigger the sol-gel coatings market toward witnessing a CAGR of about 11% during the forecast period.
Get more insights about the global trends impacting the future of sol-gel coatings market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43757
Market positioning of vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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